Romania: Inflation stable in January

Consumer prices jumped 0.8% over the previous month in January, following December’s 0.2% month-on-month increase. A notable increase in prices for food, and higher prices for non-food items and services drove the result. Vegetables recorded the biggest increase in prices, while interurban transport recorded the largest decline

Inflation was stable at December’s one-year low of 3.3% in January, thus remaining within the Central Bank’s target range of 1.5%–3.5%. Meanwhile, annual average inflation inched down from December’s 4.8% to 4.7% in January.

Romania Inflation Forecast

FocusEconomics Consensus Forecast panelists see inflation averaging 3.2% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect average inflation of 3.0%.